Law firm Paul Weiss Rifkind Wharton & Garrison has long held itself up as a trailblazer on environmental, social and governance (ESG) issues. It launched one of the legal industry’s early standalone ESG advisory practices in 2020 to guide clients on things like climate disclosures and labor practices. A year later, it created the ESG and Law Institute, a “thought…
McKinsey & Co.’s latest crop of 56 senior partners includes only six women, creating angst inside the consulting firm after it pledged to prioritize diversity while other blue-chip employers backtracked. Source: McKinsey Promotes 56 to Senior Partner — Only 6 Are Women – Bloomberg
A tech founder who raised over $40 million pitching a cutting-edge AI shopping app has been charged in the U.S. with fraud after it was revealed the AI powering the app was a call center full of human workers in the Philippines. Albert Saniger, 35, founder and former CEO of “nate,” allegedly misled investors by claiming the company’s e-commerce app…
At its recent all-time high, the bitcoin market cap hit $2.1 trillion, indicating that significant wealth has been created for holders of the original cryptocurrency. With the regulatory tailwinds behind digital assets in the new administration and increasing institutional adoption, individuals and their advisors should consider strategies to mitigate potential estate taxes on bitcoin wealth. Source: Estate Planning for Bitcoiners:…
A recent U.S. Department of Justice staff memo dismantling the DOJ’s crypto unit and narrowing the scope of its crypto-related enforcement priorities will have no impact on the prosecution of Terraform Labs co-founder and former CEO Do Kwon, prosecutors said Thursday. […] During a hearing on Thursday, U.S. District Court Judge Paul Engelmayer of the Southern District of New York…
Nova Labs, the parent company behind the Helium blockchain, has agreed to pay the U.S. Securities and Exchange Commission (SEC) $200,000 to settle civil securities fraud charges the regulator filed against the firm in January, a court filing said Thursday. Without admitting or denying any wrongdoing, Nova Labs agreed to pay the fine to settle accusations that it misled institutional…